BARBOUR v. THOMAS

Nos. 6035, 6036.

7 F.Supp. 271 (1933)

BARBOUR et al. v. THOMAS. DEMING et al. v. SCHRAM.

District Court, E. D. Michigan, S. D.

April 6, 1933.


Attorney(s) appearing for the Case

Angell, Turner, Dyer & Meek, Beaumont, Smith & Harris, Warren, Hill, Hamblen, Essery & Lewis, Clark, Klein, Ferris & Cook, Goodenough, Voorhies, Long & Ryan, and James O. Murfin, all of Detroit, Mich., for plaintiffs.

John T. Nichols, in pro per., Lewis & Watkins, Henry L. Lyster, Dykema, Jones & Whe at, Race, Haass & Allen, Slyfield, Hartman, Mercer & Reitz, Frederic T. Harward, M. Hubert O'Brien, Lightner, Hanley, Crawford, Sweeney & Dodd, Hedley V. Richardson, Walter E. Oxtoby, Miller, Canfield, Paddock & Stone, Walters, Carmichael & Head, and Shapero & Shapero, all of Detroit, Mich., Patrick H. O'Brien, Atty. Gen. of Michigan, Bisbee, McKone, Wilson, King & Kendall, of Jackson, Mich., and William Alfred Lucking, Charles B. Warren, and Frank E. Robson, all of Detroit, Mich., and Charles Cummings, of Lansing, Mich., for interveners.

Robert S. Marx, Frank E. Wood, Lawrence Levi, Carl Runge, and William Kelly, all of Cincinnati, Ohio, for defendants Schram and Thomas.

William Henry Gallagher and A. W. Sempliner, both of Detroit, Mich., for Connolly, receiver for Detroit Bankers' Co.

A. W. Sempliner, of Detroit, Mich., for Groesbeck, receiver for Guardian Group.


HAYES, District Judge.

The Detroit Bankers' Company, hereafter referred to as the holding company, is a corporation for pecuniary profit, chartered under the general laws of the state of Michigan. It was not chartered as a banking institution. It was the registered owner of all of the capital stock of the First National Bank-Detroit, hereafter called the bank, except the qualifying shares of directors, when the bank was placed in the custody of a conservator, and...

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